Elder Clinka says 'Many of the minions of the most powerful gods have recently grown in power and influence, Vlada. I know not how long this influx of energy will last, but it may be a rare opportunity. Living [fragments] of these minions are purer and more powerful than ever before, and we could use them to infuse a clockwork talisman with incredible energy!'

You say, 'Fragments?'

Elder Clinka says 'If you acquire one each of these powerful elemental fragments - fire, water, air, and earth - you can use this specially prepared [container] to dissolve their essences into an existing [clockwork talisman] or Binden Concerrentia.'

You say, 'A container?'

Elder Clinka says 'There you are. Just add the four essences and a clockwork talisman or Binden Concerrentia, and the container will do the rest. Be careful! The formation of this new talisman will destroy any augments you have affixed. Make sure to remove them before you close the box!'

Receive a Shining Lined Case.

You say, 'What about the clockwork talisman?'

Elder Clinka says 'If you are in search of a clockwork talisman, you may want to speak with Jimlok Keylifter. He is an avid fisherman and is usually found fishing off the platform of the nearby building. He will be sure to set you on your way!'

If you do not have a regular "The Binden Concerrentia", you need to complete the original Clockwork Talisman quest from Jimlok, followed by the Powered Clockwork Talisman quest from Tabben Bromel.

It also has +1 to all heroic stats, so not too shabby I encourage anyone whom this is an upgrade to - to grab it while you can, you got a few weeks, but totally worth it and they are very common, and easier than a SHIP trash mob. They have around 150,000 hps.

If your not flagged well I would suck up to some people who are and join up with em.

The fabled Talisman can be used whenever you want as long as you have the quintessence to use it. The once a day use item you're thinking of is the Brick of Knowledge, which is the reward from the scavenger hunt this year.